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Nvidia to buy developer platform Hugging Face in $12.9bn deal

The Guardian Business · 3 September 2026 at 14:15

Nvidia to buy developer platform Hugging Face in $12.9bn deal

Semi-conductor giant bets that support for open AI models could offset potential slowdown in demand for chips Nvidia will buy the popular developer platform Hugging Face for nearly $13bn, betting that support for ⁠open AI models could offset a potential slowdown in demand for the semiconductor giant’s chips.

Shares ⁠in Nvidia were ⁠slightly lower after the $12.93bn (£9.57bn) deal – which ranks among its biggest ever – was announced for the database of AI models on Thursday.

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This story in other outlets

Nvidia to buy developer platform Hugging Face in $12.9bn deal

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Nvidia’s Hugging Face Acquisition Is a $12.9 Billion Bet on Open-Source AI

Nvidia to buy open-source AI platform Hugging Face for $13bn

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